Economic Half Year Report: Continuously Enhancing Innovation Momentum and Continuously Active Potential of New Business Formats | News | Economy
CCTV News: At a press conference held by the State Council Information Office on the morning of July 17th, spokesperson for the National Bureau of Statistics, Fu Linghui, introduced that since 2023, with the comprehensive restoration of normal economic and social operations, the effects of policies to stabilize growth, employment, and prices have gradually emerged, market demand has gradually recovered, production and supply have continued to increase, and the quality of China's economic development continues to improve, leading to a positive recovery of the national economy.
In the first half of 2023, China's overall economic growth rebounded. The gross domestic product (GDP) increased by 5.5% year-on-year, significantly faster than the economic growth rate of 3% in 2022 and 4.5% in the first quarter.
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Continuous release of domestic demand potential, significant consumption driven economic growth
With the implementation and effectiveness of various policy measures to expand domestic demand, the potential for domestic demand continues to be unleashed, especially with a significant increase in the driving force of consumption on economic growth. Investment continues to grow, with rapid growth in key areas, effectively leveraging the role of optimizing supply structure.
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Innovation momentum continues to strengthen, and new business formats continue to be active
Under a series of policies and measures to ensure stable and increased agricultural production and promote the development of the real economy, the three industries have continued to recover and the foundation for development has been consolidated. Agricultural production remains stable, while industrial production continues to recover.
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At the same time, China's economic structure has been adjusted and optimized, and the consumption and investment structure has improved; The driving force of innovation continues to strengthen, new industries grow and grow, and new formats continue to be active; The stable employment policy continues to show effectiveness, and the employment situation is gradually improving.